The world’s largest semiconductor chip manufacturer Intel invests $475 million into its Vietnam division.
Which will help in adopting more advanced technology and move beyond its key central processing unit.
Intel Vietnam, gets a 50% increase from previous investments, to manufacture core processors and 5G products, the company said the expansion was to help it “take on more complex technologies.”
Due to rising costs, trade and geopolitical risks companies like Samsung Electronics and Apple supplier Pegatron are relocating due to which Vietnam has now progressively become an important part of tech supply.
In the first half of 2020, Intel was able to increase its production by 30% in Vietnam.
As the economies of the neighboring countries were mostly shut due to the COVID – 19 pandemic, which turned out to be an advantage.
Kim Huat Ooi, the Vice President in Manufacturing and Operations and General Manager of Intel Products Vietnam (IPV) said:
“As of the end of 2020, Intel Products Vietnam has shipped more than 2 billion units to customers worldwide,”
“We’re very proud of this milestone, which shows both how important IPV is to helping Intel meet the needs of its customers all around the world, and why we continue to invest in our facilities and team here in Vietnam.”
Intel’s 10th generation core processors and another one made with 3D stacking technology are made in the plants of Vietnam.
Intel reckons as the largest U.S. high-tech investor in Vietnam, though local workers mainly do testing and assembly.
In future Intel may turn to Taiwan’s TSMC (Taiwan Semiconductor Manufacturing Company Limited) for advanced design and manufacturing which already makes modems and graphic processors.
Intel may also outsource some production to Samsung electronics.
